Allfunds launches new B2B sub-advisory platform
Allfunds, the leading independent WealthTech and fund distribution platform, has announced plans to launch an investment outsourcing and sub-advisory B2B solutions platform for banks, wealth managers and institutional investors.
This new platform, branded ‘Allfunds Investment Solutions’, will be rolled out as of Q3 2020, according to a press release by the firm.
The new service will operate as a separate business unit to be run by a Luxembourg Management Company in the future. Allfunds initial fund of mandates’ offering will be launched via a Luxembourg SICAV and will include up to 20 long-only strategies, managed by the world’s largest fund houses as investment managers, selected by Allfunds.
This will allow clients, banks, wealth managers and institutional investors, to invest in the SICAV strategies as the master solution for their respective needs, at the same time allowing asset managers to take advantage of an additional gathering channel for their strategies. Alternative and illiquid offerings will be made available in 2021.
This is a natural evolution of Allfunds´ business model, reports the firm, as the WealthTech has invested in boosting its investment services through digital capabilities. Through this new service offering, clients will be able to take full advantage of the digital tools available through Allfunds Connect, in particular Nextportfolio as a front-to-back Portfolio Management System, with content coming from Digital Selector.
Allfunds has identified the need to support its clients’ requirement to optimise their open architecture programs and to outsource part of their investment value chain – from portfolio construction to full implementation - in the current market and regulatory context. On the fund house side, these services will continue to help asset managers navigate the distribution landscape.
With this new service, Allfunds will provide clients a one-stop-shop to access the asset management industry. This will allow for greater flexibility in manager selection as well as improved data collection and monitoring.
Stéphane Corsaletti, Allfunds’ CIO, is reportedly leading a team of around 30 investment professionals to bring this offering to the market. The current team, with a solid international presence and strong governance, will be further enhanced with new profiles bringing product management as well as multi-asset/multi-manager portfolio expertise.
Juan Alcaraz, CEO, Allfunds, said: “We are delighted to announce our plan to create Allfunds Investment Solutions and to offer a sub-advisory B2B platform to our clients. Allfunds has always been close to our clients and we understand the new challenges they face in today´s market. Allfunds is ideally placed to offer such solutions at a large scale and in an efficient way, offering independence from both the distribution and manufacturing side.”